Introduces Derek Yan from KraneShares to discuss their AGIX ETF that provides access to private growth companies like XAI and Anthropic.
Marley
Derek Yan
Explains the AGIX ETF as a tool giving everyday investors access to private innovation companies like SpaceX, OpenAI, and Anthropic that are staying private longer.
Asks about the ETF's performance outperforming S&P 500 over the last six months.
Marley
Derek Yan
The public portion tracks an AI-focused index that outperforms S&P 500, while private holdings like Anthropic and SpaceX add significant alpha.
Asks whether Anthropic's AI tools will kill software companies or if the sell-off is overdone.
Marley
Derek Yan
The narrative is too negative; single-purpose software tools may be disrupted, but integrated workflow software will benefit from AI.
Asks about private market reactions to the software sell-off and any concerns.
Marley
Derek Yan
Large language models like OpenAI and Anthropic appear to be winners, creating concern for software startups and private credit investors.
Derek Yan
AI leaders will take more of the value chain and eat up margins, with this trend likely to continue as code work and workflow automation prove effective.
Asks about other influential private market players beyond Anthropic.
Marley
Derek Yan
OpenAI and Anthropic are competing, with Google catching up; OpenAI leads in consumer with memory functions, while Anthropic excels in enterprise with ethical AI focus.
Asks about other potentially disruptive private companies flying under the radar.
Marley
Derek Yan
AI companies are disrupting sectors one by one - financial, legal, insurance - creating volatility within each sector as they add new functions.
Mentions Altruist example disrupting financials, then concludes the interview.